Announced
Completed
Synopsis
Saudi Electricity Company, an electric power distribution company, completed the acquisition of a 25% stake in PIF-backed Electric Vehicle Infrastructure Company for $68m. “The Electric Vehicle Infrastructure Company will spearhead the EV transition by deploying best-in-class, widely available EV charging infrastructure to drive the growth of the EV ecosystem,” Omar Al-Madhi, PIF Co-Head of MENA Direct Investments.
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